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Liberty Health Sciences (CSE:LHS) (OTCBB:LHSIF) the Toronto-based investor and operator in the medical cannabis field, announced that the Florida Dept of Health has approved the transfer of Chestnut Hill Tree Farm’s medical cannabis license to Liberty Health. Liberty had been operating under a Management Agreement with Liberty prior to the transfer.

The transfer is the first in Florida, and gives Liberty Health full ownership of the license to cultivate, process and dispense medical cannabis in Florida.

Liberty Health has agreements with Aphria to use their cultivation and processing techniques, and to offer Aphria products. Liberty is currently expanding its Alachua Florida facility. The expansion will increase Liberty’s medical cannabis production to 3,000 kgs by March 2018.

Liberty stock was up slightly to CD$2.11 on the day. Its stock has been relatively stable in the last month, trading between $2.21 and $2.09. The company has a market cap of $514 million.

Source Liberty Health press release